Which of the Following Audit Procedures Would Not Likely Be

question 80

Multiple Choice

Which of the following audit procedures would not likely be performed for audits of investments?

• A)Read board of directors' minutes for authorization of investment strategies.
• B)Confirm investments with registrar.
• C)Confirm investments with broker or trustee.
• D)Compare valuation to published market prices.

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Definitions:

Relatedness Needs

The psychological needs for interpersonal relationships and emotional connections with others.

Esteem Needs

In Maslow’s hierarchy, include recognition from peers and colleagues.

Self-actualization

A psychological term referring to the realization or fulfillment of one's talents and potentialities, often considered as a drive or need present in everyone.

Self-actualization

A psychological concept pertaining to the realization of one's full potential, achieving the highest level of human needs according to Maslow's hierarchy.